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20121206
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Search Results 0 to 49 of about 79 (some duplicates have been removed)
MSNBC
Dec 2, 2012 11:00pm PST
? and what are the consequences for the economy if there isn't one? we'll ask the president's lead budget negotiator, treasury secretary tim geithner. >>> then the view from capitol hill. are democrats as divided over cutting medicare as republicans are over tax increases? with us, two voices calling for compromise. republican senator bob corker of tennessee and democratic senator claire mccaskill of missouri. >>> finally, our special economic roundtable. as both sides battle over the nation's fiscal health, what can we expect from the economy in a second obama term? what is the vision for an economic rebound? >>> from nbc news in washington, the world's longest-running television program, this is "meet the press" with david gregory. >>> and good sunday morning. amidst a lot of partisan rhetoric on both sides, talks on the fiscal cliff are now at a stand still, and the president is back on the campaign trail of sorts. this time to try to win in a court of public opinion for his plan to avert an automatic tax hike for everyone on january 1. that's where we'll start this morning with the po
FOX Business
Nov 29, 2012 4:00pm EST
before the end of the year. dave: think of the billions of dollars that will be in the economy just when people will be buying those blue boxes. this could be a nice stimulus for the economy. john boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who wrote the article, wall street journal's chief economic correspondent and chief head head to lend us live. dave: before that is of we will tell you what drove the market with the data download. stocks extending yesterday's gains finishing a volatile session higher with the dow, s&p and nasdaq trading above the 200 day moving average for the first time in three weeks. telecom and health care were the top performing sectors. fewer americans filing first-time
FOX News
Dec 2, 2012 11:00pm PST
for things we need liken fraught structure. we think that's what is good for the economy. if they have different suggestions and want to go further in some areas, they should lay it out to us. >> you say they are in a hard spot, what do you mean? >> they are trying to figure out how to find a way to support things that they know they are going to have to do that will be very hard for them. you've heard them for the first time in two decades now acknowledge that they are willing to have revenues go up as part of the balanced plan. that's a it good first step but they have to tell us what they are willing to do on rates and revenues. and they have to tell us on the spending side if they want to go beyond where we are or do it differently and they have to tell us what makes sense to them. what we can't do, chris; try to figure out what works for them. >> the president campaigned for re-election on the idea of a, quote, balanced approach, end quote, to deficit reduction. a mixture of tax increases and spending cuts. here's the plan that the republicans say you presented to them this week.
FOX Business
Nov 29, 2012 8:00pm EST
is not good for -- on a bad deal is not good for the american economy. we had a good first quarter, reasonably good second quarter, third quarter, driven with this uncertainty with respect to the election and financial cliff, and the economy ground to a halt, we have a backlog of economic development project in the southeast, 300 projects representing $15 billion of investment, 45,000 jobs, good paying jobs. those -- >> does that evaporate if dividend taxes go up? >> if we go off the financial cliff, most economists predict another economy growth, there is no reason to move forward. neil: maybe the point for you, better than -- i know where you are coming from. >> let me tell you -- neil, wait could one more point. kicking table economic 48% of our family in southeast make less than $40,000 a year, any increase in taxes that slows the economy would be -- neil: would a cliff be worth it? >> a cliff would be bad short-term, cause a recession, but at least it might do something about getting us focussed on spending, that is the part of the ledger that congress ignores it is amusing that harry rei
FOX
Dec 2, 2012 4:00pm PST
referred to things that will help make the economy stronger in the short-term and let me explain why we proposed that. what we are suggesting is that we work to rebuild the country's infrastructure, rather than putting it off, doesn't say just to put it off and extend unemployment insurance benefits and help make it easier for americans to refinance mortgages and, tax incentives for business investment and proposed how to do that in a fiscally responsible way we can afford to pay for and matched those proposals, with spending savings that, together as part of the plan, get us down to the point where we stabilize our debt and that is the critical test. >> chris: let me drill down into the spending part of the equation, here they're increases, spending increase as you are proposing. $150 billion, in stimulus, public works projects over several years. a $30 billion extension of unemployment insurance, for one year. extension of payroll tax cuts, mortgage relief, deferral, of automatic cuts for doctors and medicare. here are the spending cuts. unspecified savings from nonentitlement program
FOX Business
Nov 28, 2012 4:00pm EST
but if it is viewed take too much bread out of the economy weakens the into recession and that is why we are cautious short-term right now making rebalance as soon as they deliver a package about the fiscal cliff. dave: with a price target on apple? >> 725. dave: if you would do this for five seconds, >> institutional ownership, google 66. dave: thank you very much. dave: the s&p futures pit. >> thanks for having me. dave: no action but plenty of meeting inside the beltway. the president ready to sit down with more ceos to discuss coming tax increases and potential budget cuts. we haven't seen any suggestions. middle class americans, we are live at the white house. liz: main street businesses taking matters into their own hands. sending this letter to congress urging them to have tax reform. we are talking to the ceo, president of the national federation of independent business who signed a letter. what does he want? dave: automakers all over the world are revving their engines at the los angeles auto show, jeff flock as usual live in the center ring. what is going on? jeff: automakers are not worrie
MSNBC
Nov 29, 2012 3:00am PST
to work on what we all agree to, which is let's keep middle-class taxes low. that's what our economy needs. that's what the american people deserve. >> white house also turning to social media has a twitter hash tag to spread its message. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress. write them an e-mail, post it on their facebook walls. you can tweet it using the hash tag #my2k. not y2k, my2k. >> i think that's going to push us into the promised land. >> i was incredibly encouraged. i had been depressed and then i said this could actually get done with a hash tag. >> you're very pessimistic. we heard erskine bowles saying yesterday, he thinks it's less than a one in three chance, of course, co-author of the simpson-bowles plan. >> i was in washington earlier this week and met with a lot of these characters. the bottom line is there have been a lot of meetings, most of them between people w
FOX Business
Nov 30, 2012 9:20am EST
. stuart: you agree with me, if this plan, anything like it from the president, were imposed on the economy at this time it would lead to recession. >> i think that the president is fully aware as are democrats and anybody realistic. stuart: you make that judgment. >> i am not a fan, by the way, never have been, i thought the fiscal cliff thing was ridiculous in the beginning. no, no, but prefacing my answer to you. stuart: higher taxes of this magnitude on an economy that's already weak with 8% unemployment, you do that and now it's not-- >> no, no, no, i do not believe that raising the marginal tax rates to the clinton rates for the wealthiest among us-- >> i knew you were going to say that, you're comparing a totally different economy. what we have now is 8% unemployment. very sluggish growth and a trillion dollar deficit every year. you propose to raise taxes in that environment and you're not going to get growth. >> don't you understand you need to off set-- if you're serious about debt reduction, i think you are, don't you understand you need revenue and spending cuts. stuart: and how
FOX Business
Nov 30, 2012 11:00am EST
to be remembered that push the country back into recession. >> it is not leaving a strong economy, it is transforming the economy into a your -- european socialist. connell: thank you, monica. >> thank you. connell: we do have real numbers on the economy to talk about. today, we learned consumer spending is down for the month of october. not to worry says stuart hoffman. he joins us from pittsburgh. >> it is a deal when consumer spending falls. we should put it in context. in july, august and september contributors had a pretty good rebound. as you said, some of the hurricane sandy koufax did affect this number we will find out on monday whether the sales came back when they announced november numbers. if you average this out, we saw, even in our company, a decline in sales of our merchant services. we have seen more of a return to normal and i was encouraged, but i guess it is now black thursday to cyber monday sales look pretty good. connell: everyone says, all right, well, what if we do not get there in terms of this washington self that monica was just talking about and we do
FOX News
Dec 2, 2012 8:00am PST
like republicans want? >> here is what is at stake. economy is on the brink potentially of going to recession. that will have the worst impact on the deficit that anything will. we got to make sure that the economy continuebes to grow. that is the problem here. i know democrats have this blood lust to raise taxes on supposedly rich people, which are really small business people. but it is not going to do anything to grow the economy. here is what president obama needs. he has to make sure the economy grows. he will be a two-term jimmy carter if the economy goes back in recession and we can't pull ourselves out of this thing. >> eric: i heard you laugh, martin on the "two-term jimmy carter" line. >> he doesn't want to be a two-term george w. bush that took us in a steep recession. >> hey, you are the one with the bush tax cut. >> this can be worked out. everybody knows that. you can raise rates a point or two, that is not going to be end of the world. republicans understand that. let's get through with the fear we have had a couple of weeks of theater and let's get down to serious
FOX News
Nov 29, 2012 6:00am PST
in the economy that would indicate that the job market is strong enough to actually bring down that overall unemployment rate. earlier this fall weekly jobless claims had dipped below that line, right before the election, and now they seem to be creeping above it, 393,000 is the number that we're hat today. it's interesting to note that we're going to get an overall unemployment number coming out. some people think based on this number that that could go back above 8% as well. bill: we were so keane on these numbers and waiting for them to tell us what they would tell us about the economy, and how voters were thinking and feeling and how it would play out in the election. a lot of people are now saying hey man, wrist the attention on the numbers. job number one is how to maybe the economy stronger. guess who is coming to the white house for lunch? >> mr. president you're entitled as a president to your own aeu own airplane and own house but not to your own facts. bill: those are topics that will likely not come up today. martha: peanut butter and honey is mitt romney's sandwich. we'll see i
CNBC
Nov 29, 2012 3:00pm EST
on the very, very decent and accelerating fundamentals of the u.s. economy. >> maybe, and that's just today, right, ron? >> been since last week. >> we were talking about the market really being so sensitive to any rhetoric out of washington. >> i'm not saying it's not hostage to headlines. we'll get intraday volatility. from the monday before thank giving until now, we have effectively wiped out the losses we saw post-election. >> rick, how do you see it? market complacency, too much angst, are we overthinking this? how do you read the market right now? >> i think that the low volume movements of the equity markets aren't really telling you any information. there's no way even in aggregate a market could decide what's going on in harry reid or john boehner's brain in anything is going on in begin with. if you look at treasuries overlaid on top of equities, until mr. boehner's comments, the treasuries have taken the big picture on all of this. they're not going anywhere fast. fiscal cliff is important, but there's a lot of issues for the next several years that are going to be important to
CNBC
Dec 5, 2012 7:00pm EST
on the obama administration if the economy doesn't recover. >> all right. many thanks, scott rasmussen, appreciate it very much. >> thanks. >>> with just 26 days until we fall off the tax and fiscal cliff, two dozen house republicans have apparently defected from the boehner plan and signed a bipartisan letter with democrats. people are now asking is there a fallback position for the gop? well, here now to tell us is house majority whip california republican kevin mccarthy, the number three man. mr. mccarthy, as always, thank you for coming back on the show. can i get your comment on this letter, two dozen republicans, they're talking about tax rate flexibility along with a bunch of democrats. what's your take, sir? >> well, remember what they're saying here. what they're saying is that they're going to put everything on to the table. what we've been talking about for so long is where the president has been awol, this is a spending issue that we have a real problem with. we agree that we'll provide revenue, but we do not want to hurt a pro growth economy here. so it's how you go about
MSNBC
Nov 29, 2012 8:00am PST
obama during his victory speech said he wanted to hit down, talk to romney about the economy, his views on the economy specifically right how giving the looming fiscal cliff. so i suggest -- or i imagine they will discuss that, as well. but do we expect anything larger to come out of this? the white house is managing expectations saying there is really no agenda for this luncheon. it's really to bury the hatchet and to allow the country to move on, as well. >> right now, though, we do know treasury secretary tim geithner as we were telling everyone was on the hill, these marathon meetings with congressional leaders. what more do we know about those meetings? obviously starting off with some of the harder ones at first bhak through nancy pelosi as his last. >> we know the treasury secretary will be heading to the hill with rob nabors. he will be meeting with all of these congressional leaders separately. starting off -- or including house speaker john boehner. of course boehner will be key to moving the needle on these fiscal cliff negotiations. this comes on the heels of a phone call be
CNBC
Dec 5, 2012 6:00am EST
the economy is pretty well positioned potentially in 2013 if we can put this behind us. so i think a lot of what's going on is what you would expect to see in this negotiation, very public negotiation, which is not the best way to do it. i think at some point, the president and the speaker are going to get in a room and have some very serious dialogue as this gets closer. my view is that both the administration and the republicans would prefer to put a deal together, and the outlines of that are on the table. >> you talk about the cliff or the abyss? we need to separate the two. it would be nice to have like a bridge to that $4 trillion deal that includes entitlement, tax reform. in fact, i don't know why the president isn't talking about that more with the simpson-bowles. >> the president did say that he doesn't think there's anything we can get done. >> as a bridge to that. always talking about the high end. >> actually, joe, i think the administration wants to see a deal come together here. >> for what, the fiscal cliff or the fiscal abyss? >> for both. >> for both. >> so that a down
CNBC
Nov 29, 2012 9:00am EST
the company's economy. the damage from sandy was worse than first anticipated. there's 75,000 jobs lost in new jersey and new york. and the $1.4 billion economy is -- in the quarters ahead, in the fourth quart, he sees a quarter to a half point hit to national gdp directly related to the effects of sandy. talking about the national economy, the bright spots include housing and consumer spending, the negatives include business investment along with weak manufacturing. the congress and the administration must address the fiscal cliff. any plan to reduce the deficit should quote start small and then grow very substantially over time. so dudley basically agreeing with the take that sandy is a bigger event, and then you want to add on top of that dudley's concerns about the fiscal cliff coming our way. >> what does this mean for the retailers because right now we have the impact of sandy, because they're confined pretty much to november. we had this seasonally strong period for retail sales especially for the holiday season. but does that mean the kruk -- money is being spent instead on gypsum boar
CNBC
Dec 3, 2012 6:00am EST
to inject money in a credit fashion into their economy. and we certainly think we can bring our fixed income expertise and continue to help them. >> that would make sense for cantor. ireland was the mf-will first they were in trouble, then the model for the world. what got them into trouble again, housing or real estate or something or bad banks or -- and now again they're kind of a model for everyone on how to handle it. is that basically the last five years? >> absolutely. certainly was a real estate bubble there. now there are austerity measures being put in place and they're actually following through on the austerity measures. so certainly they'll come out first and actually look pretty good. >> so where is the most business for you for cantor in ireland, what will you be doing? >> certainly it's an equity based firm. we'll bring our fixed income expertise, probably become the primary dealer there. the irish government will continue to have to have bond issuances as well as corporate debt will start to become a much bigger part of their economy. >> who else looked at this firm, do you k
CSPAN
Nov 29, 2012 10:00am EST
disasters. that's precisely the time that the local economy and taxpayer are least able to pay the full cost of recovery. they need money, personnel and assistance, but that doesn't mean a permanent entitlement to risky behavior. the federal government should deal with what is truly catastrophic and with the humanitarian costs. families obviously should not be less destitute, hungry and homeless in the aftermath of natural disaster. there is, however, no reason that we encourage the repetition of these terrible events. in a time of fiscal stress and budgetary realignment, we should include government disaster spending, liability and development policy as we address the fiscal cliff. done right this will not only save money but countless lives as well. the speaker pro tempore: the chair recognizes the gentlewoman from new york, ms. hayworth, for five minutes. ms. hayworth: thank you, mr. speaker. mr. speaker, all work in congress during these final weeks of 2012 is focused on the fiscal cliff. we're worried and rightly so about what it means to our economy, to our future, to the daily lives r
CNBC
Nov 29, 2012 6:00am EST
just return to a normal economy like we had in 2007, those policies of george bush where we had 18.5% of our economy coming to the federal government as revenue, that would be another $419 billion. so combined, that would be $750 billion per year of additional revenue. now, president obama's proposal of punishing success, it's hard to say exactly what it will be, but somewhere around $75 billion. it's a tenth of what we get with economic growth. and the rob with punishing success, with increasing marginal tax rates or really increasing taxes, is you put at risk that growth that is ten times more effective. so again, i'm just looking at what works. and we need to calm the markets. i don't want to play brinksmanship. it's a unfortunate that the president really isn't negotiating in good faith. he's just moving the goal posts. >> although the lead story on the "wall street journal" is about how the president may be relaxing that position. he may not insist on returning to the pre-bush tax cut rates for those wealthiest 2% or whatever the situation is. that may not mean that he's not l
CNBC
Nov 29, 2012 4:00am EST
're out with a view on your next year that doesn't sound too rosy. you talk about the economy contracting half a percent. challenges in the core countries. so walk us through how important the german vote is tomorrow and whether greece gets its aid as to the more broad brooutlook. >> the outlook is not improving. it's deteriorating for the eurozone. economic fundamentals are getting worse particularly in the countries of germany and france. these are the countries we revise down the most. in the periphery, there are signs that the recession is stabilizing. we're below the consensus. typical view is that the economy will broadly stagnate next year, we think it will continue to shrink and the ecb will continue to cap interest rates and perhaps at shall point the bond buying program will be in spain. >> and so when we talk about the sequence of events that markets are looking for the next couple of months, the main one still seems to be when spain asks for aid. pushed into the first quarter of next year now in your view? >> i think there are two windows of opportunities really. the first one
FOX Business
Nov 29, 2012 11:00am EST
, that is good news, you saw growth in economy and in the last few moments we moved higher and we are positive for the week. when you check it out and industrials we are up 44 points and most of those names on the dow are in the green, names like hewlett-packard and caterpillar and bank of america and united healthcare doing well. the fiscal cliff headline after headline continues to be in the forefront and on everybody's mind that this is what we are seeing, a decent market and the u.s. dollar being weaker today has been a factor in the strength we are seeing as well. connell: treasury secretary tim geithner meeting with congressional leaders and doing so as we speak. dagen: peter barnes live from capitol hill. peter: treasury secretary tim geithner arriving at our or so ago to hold meetings with top congressional leaders. senate democratic leader harry reid, now he is meeting with house speaker john boehner, that meeting just getting underway, after that meeting with senate republican leader mitch mcconnell and house democratic leader nancy pelosi and with the president and republicans on ra
FOX News
Nov 29, 2012 8:00am PST
where substantively republicans believe in things and think certain things are better for the economy and the country, they will be in a weaker position to achieve any of those things. but they have to take into the consideration the idea that everybody's taxes will go up january 1st if there is no deal. it is not going to be all on the president's shoulders. in fact most of might be on theirs temporarily and for good. they have to decide what is the better position. and you know, will the president and the democrats offer them something that they really should take, significant spending cuts? some kind of significant entitlement reform? those are kind of things republicans have been after for a long time. even though there would be grumbling about tax increases on certain income level, that is something they could take home and really savor. this depends where it goes, the brinkmanship continues. david drucker from "roll call." thank you. >> thanks a lot. jenna: well now we turnover seas where we have some new information today on what some say could really be a turning point in the
MSNBC
Nov 30, 2012 7:00am PST
. again, the economy is doing a little better. the unemployment numbers have been a little better, but what's the impact? >> 2 million people -- >> 2 million would lose. >> -- would lose income. here's the thing. there's a lot of talk of these people are looking or not looking for jobs, they're just taking this check. that's not the case. there's only one job for every three folks looking for a job. so there literally is not a job available for two of those people. so they have this income, unemployment insurance which keeps them in the economy, a functioning part of the economy, so they can spend the money. so the economic policy institute went ahead and extrapolated. if you were to keep this $30 billion cost of extended unemployment insurance, actually, that will pump another $15 billion to $18 billion into the economy because these folks are spending money. and that's what fuels our economy. >> some of the people who argue that we should go off the fiscal cliff, that it will push them to negotiate a sort of more thoughtful deal -- >> right. >> -- they say that it's not a fiscal
FOX News
Dec 3, 2012 3:00am PST
. cliffhanger. i don't know. if the economy falls in the forest and no one is here to hear it is there a sound. yesterday the republicans blame the democrats and the democrats blame the republicans. john had a exclusive with chris wallace. >> brian: chris wallace sat down with jone boehner. >> steve: here is mr. boehner describing the impression at the moment of what tim geithner was trying to sell him. >> i was ghasted and i looked at him and said you can't be serious. i never seen like it we have 7 weeks before election day andepped of the year. three of those weeks are wasted with this nonsense. >> y are talking about roughly. timothy depite gite saying we'll raise taxes 1.6 trillion and washington will increase taxes on capitol gains and we would like to say we like the power to raise the debt ceiling any time we want for the executive branch which is unconstitutional. >> steve: it is not 39 or 35 percent. all nonstarters in the world of negotiation. >> gretchen: two things to discuss. why is it tim geithner doing the discussions inted of the president of the united states. let me know if
FOX News
Nov 29, 2012 10:00am PST
hikes and spending cuts, we are getting a new snapshot of our economy. the number of americans seeking unemployment benefits fell last week by 23,000, but the total, 393,000, is still way above where we need to be to bring the unemployment rate down. in fact, our four week unemployment average went up to over 405,000 last week. the report for the whole month is out a week from tomorrow. >>> meantime, a new report finds that the number of americans on food stamps spiked by about 10% last year. that means about 15 million american households got food stamps in 2011, and it is even more profound when you look at what america has and has not created over the past decade. look at this chart. private employment is the line at the very bottom. it's gone down. this is going all the way back to 2002, i think it is? yeah, so look at this. you can see there starts to be a dramatic change around '08, '09. so private employment down, government employment slightly up, medicaid enrollment has soared -- that's what you get that helps folks without a lot of means -- and look at the top line. that repr
FOX Business
Nov 28, 2012 6:00pm EST
few years, but it's also the case. if you look at the simpson-bowles report, the rivlin-dmin economy report, the gang of six and crapo and johanns, all say we need a deal that includes $4 trillion in debt reduction over ten years, and about a third of it coming from revenues. you got revenues at 15% or just over that of gdp, and spending at 24%, and you got to bring the spending down, but you got to bring revenues up. frankly, we're not going to have a deal. gerri: it's the object of debate, debated every night here. >> yeah. gerri: i was looking at your bio, and back in 2006, you wrote a book called "how congress is failing america," you must feel that you feel all of washington is the problem at this point. is this something that can't be fixed at this point? are we not going to come to a resolution of the fiscal cliff? you've been watching this a very long time. >> i have, and i think the tragedy of this is that there's a deal to be had, and it does not involve all that much. it involves significant pain for almost everybody, but you're not going to do it without bringing that pai
FOX News
Nov 29, 2012 3:00am PST
taxes low . that's what our economy need and american people deserve and if we get this part of it right, a lot of the other issues surrounding deficit reduction will be a lot easier . if we get it wrong, the economy will so go south. >> brian: the president owes a quarter every time huteses fair and balanced. we'll collect laterr. working on a deal to avoid the fiscal cliff. who pays the price if congress fails to act. is it a make or make term? reverend did you like the president's tone yesterday if the goal was to come to a deal to avoid the fiscal cliff? >> i think his tone was appropriate because it is even and not an taganistic and fair and balanced in its aproachh and invitesorths to come to the table and indicates a willingness to have a give and take. that's what the american people expect. >> brian: when he said to go visit a manufacturing plant with tinker toys and have a twitter address and hash my 2 k to put pressure on republicans. is that a right tone to get something done? >> i think it is not the president versus republicans. i think the president want to stay close to t
CNBC
Nov 29, 2012 12:00pm EST
-- coordinated global monetary easing policy from the central banks, how you're going to have a worser economy next year and therefore lower profits. >> joe? or josh? >> hi, tony. josh brown. i'm just curious, if you took a look at that gdp third quarter revision from this morning, one of the things i think jumped out most is that really all of the improvement comes as a result of both federal spending and then the other thing -- then the other thing that people don't want to see which is a lot of inventory restocking which i understand is seasonal. but now that's on the backs of the consumers, actually, taking those products out of stores to their homes. are we really going to be able to say that that was a good upward revision? even though the number went up? >> no. frankly, the market would have already priced that in after they released the number. we're in what we're calling a fundamental sweet spot. the last thing investors should want are great economic data series. very low unemployment. because with that comes tighter monetary policy. historically the market moves up when there's mone
CNN
Nov 29, 2012 8:00am PST
will hurt our economy and will cost american jobs. republicans have taken action to avert the fiscal cliff by passing legislation to stop all the tax hikes. to replace the sequester, and pave way for -- pave the way for tax reform and entitlement reform. and we're the only ones with a balanced plan to protect the economy, protect american jobs, and protect the middle class from the fiscal cliff. but without spending cuts and entitlement reforms, it's going to be impossible to address our country's debt crisis. and get our economy going again and to create jobs. so right now, all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. it's time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i'll take a few questions. >> speaker boehner, why will you not tell democrats what specific spending cuts you would like to see, especially within en titlements? >> it's been very clear over the last year-and-a-half, i've talked to the president about many of them. you can can look at
ABC
Dec 2, 2012 8:00am PST
beyond that's going to be good for the long term american economy. >> but you said you're getting closer, they're saying you're getting much farther apart. they say that this is not a serious proposal. >> we have a very good plan. we have a very good mix of tax reforms that raise a modest amount of revenues on the wealthy 2% of americans. combined with very comprehensive, very detailed savings that get us back to the point where the debt is stable and favorable. if we can do that carefully, we can invest in things to make america stronger. we can rebuild infrastructure. we think those are good investments in america and we think we can afford them. >> let's look at an outline of what republicans said they heard in the meeting. $1.6 trillion in tax increases over the next ten years. $50 billion in stimulus spending right now. $400 billion in unspecified medicare cuts. over the next ten years. and then, permanent authority to increase the debt limit the president wants that authority. they look at that 1.6 trillion in revenue and say it's twice as much you get from raising taxes on the wea
MSNBC
Nov 30, 2012 6:00am PST
the summer months where he focused on obama and the economy. i want to talk about, because i can't resist it, it's almost 2013. i think we're well within the bounds. the virginia governor's race. bill bolling, the lieutenant governor, dropped out in twain to make way for bob mcdonnell, currently the governor, dropped out again this week to make way for state attorney jgeneral ken cucinell cucinelli. you have the best friend of bill clinton terry mcauliffe as the democratic nominee. some people are painting this as a tea party against the clintons in mcauliffe. things can still happen. it looks like a fascinating race. >> chris, as you know, political reporters, we only have two gubernatorial races to cover. we give a lot of attention to virginia and new jersey. what's fascinating about virginia, since i've been covering politics on the national stage, the off-year election has proved to be a template if that party that's out of power wins. 2005, tim kaine ends up running a race, appealing to independents, sfresing his religious faith. actually kind of having a very soft appeal to a lot of fo
CNBC
Dec 5, 2012 1:00pm EST
. we're going to talk about the fiscal cliff. if we go over it, will it really destroy the u.s. economy? we'll show you some stats to make you go -- hmm. we'll talk more about apple's slide, should microsoft's ceo steve ballmer get the boot if the surface fails. and we will introduce to you quite possibly the world's dumbest demolition crew. it involves a multi-million dollar bore chateau and really bad bulldozing. >> yikes. see you at 1:00, brian. thank you. >>> listen up wall street recruiters, a recent rash of college cheating scandals has shown academic dishonesty is unfortunately a very big problem on campus today. who are the worst offenders? tonight's premier of "faking the grade -- classroom cheaters," we'll tell you. they'll find out which students are most likely to cut corners in the battle to gain an edge. >> reporter: don mccabe and his canadian colleague collaborate on research. mccabe says in the u.s. business students cheat the most. engineering students are often near the top of the list. and so are communications and journalism students. women studied at one university
FOX News
Dec 1, 2012 1:00pm PST
our economy. >> reporter: republicans led by house speaker john boehner says he should quit campaigning and take care of the business at hand. republicans say they are willing to consider raising more revenue but they want to see spending cuts to go along with it. >> we need to hear they are willing to make spending cuts now, not promises of spending cuts sometime if the future. to me the tidal waves that are coming at us is social security and medicare and the new health care law. >> reporter: now house democratic leader nancy pelosi is calling the speakers to bring the tax to the floor by tuesday or she will try to force a vote. boehner is not likely to buckle under pressure so it seems like a standoff. >> gregg: sfuaf. what a surprise? they want to resolve this fiscal crisis or lack in his real compromise. john boehner is leading an attack on the lack of progress. >> there is a stalemate. let's not kid ourselves. it was not a serious proposal. so right now we're almost nowhere. >> gregg: almost nowhere. how about that? staff writer for roll call joins us live. the preside
Current
Dec 3, 2012 9:00am PST
of the economy that george w. bush left him with! he didn't come in and say gee the first thing i want to do is raise food stamps, a lot has been the unemployment insurance. if has been to address the worst financial crisis we've had since the great depression. >> since herbert hoover. >> the last businessman president. >> obama: both parties say we should keep middle class taxes low. the senate's already passed a bill to keep income taxes from going up on middle-class families. democrats in the house are ready to do the same thing. if we can just get a few house republicans on board i'll sign this bill as soon as congress sends it my way. >> tax cuts for the 98%. slight raise in taxes for the top 2%. seems like a pretty good deal. >> stephanie: yes. oh, by the way. [ ♪ "world news tonight" ♪ ] , robert rice as usual has a great piece of why we should stop obsessing about the federal budget deficit. he knows something about something. he was around when clinton -- remember that economy? okay. he said i wish pres
CNN
Dec 3, 2012 11:00am PST
know, kick into place that can plunge the economy back into recession. and you have the house speaker saying this white house proposal, the one he received just a matter of days ago, isn't even serious. gloria borger, our chief political analyst, let me bring you in here. one of the questions is does it seem to you that the president feels as though he has some leverage here? he won the election, right? >> he did. >> maybe that accounts for what's in his proposal. >> yeah. this is clearly a different president obama than the one we saw during the debt ceiling negotiations or even after the midterm elections in 2010 when he felt a little weakened and there was the extension of those bush tax cuts for the wealthy. so i think when you're seeing here is a president who put this on the table, trying to please his base, okay? which got him elected after all. saying, this is my wish list, this is in a perfect world, this is what i would do. i don't think anyone at the white house expected the republicans to say, oh, thank you mr. president, yes, this looks lovely. let's go on and work on a d
FOX News
Nov 30, 2012 6:00am PST
that exploded in the open. saying that it reads like a democratic wish-list and could plunge the economy back into recession. oh joy. welcome here. i'm bill hemmer. live in "america's newsroom.". martha: good morning, bill. bill: we'll find the silver lining in this, aren't we? martha: we are. bill: that is our quest. martha: i'm martha maccallum. here are the basics when they put forth through tim geithner yesterday from the president. 1.6 trillion in new taxes. that is the opening part of the deal. 50 billion in new stimulus spending. we already had a lot of backlash in stimulus in previous packages. this is interesting element here. new executive power to raise the debt limit. that is what caused so many of these discussions because they bump up against the debt limit and not be able to go back this. there is executive power plea to be able to do that without going back to confess. republicans are saying where is the balance? where is the spending cut side of the equation. the president said he wanted it to be a balanced deal. watch. melissa: so right now all eyes are on the white house. t
FOX News
Nov 30, 2012 2:00pm PST
. >> eric: it's not a bad call. this could be terrible for the economy and hurt jobs and businesses. but honestly, if you are ready, america, if you are ready, hold your nose, take a deep breath and take the medicine. it will fix the problem and the deficit problem as long as everything in the fiscal cliff happens. as long as sequestration happens it will hurt defense. tax rate goes up. eventually you will get someone out, to get that president out and get president who wants lower tax rates and congress that wants the lower tax rate and maybe a senate. it would hurt dramatically. best time to do it is now. >> andrea: there are two schools of thought here. one if you follow twitter or watch republicans who are on the pundit circle, they say let them go off cliff and let obama own that. there is another one that says just let him have what he wants and then when the economy nose dives he will have to own it. republicans are going to get blamed anyway. do you feel strong about either one of those? >> dana: not necessarily. i do think i see in "washington post," headline, obama offers
MSNBC
Nov 30, 2012 8:00am PST
with sending the economy over the fiscal cliff. >> the speaker's remarks riled the left and provoked this response from senate majority leader harry reid. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect, then? >> i don't understand his brain, so you should ask him. okay? >> with only a handful of legislative days left on the congress's calendar before the looming fiscal cliff becomes a raw reality, will the president and house gop find a way over the latest road black and back to the bargaining table? >> why did the white house decide to have this as their opening volley when they knew the response would be a negative one that they drew? >> was it hardball opening? yeah, of course it was. the question is, what's the counteroffer? >> i would imagine there has to -- tim geithner is too smart of a guy in this administration is filled with smart people. they must have a serious strategic plan. >> let's get straight into this and joining me now is senator barbara boxer, democrat from california. senator, it is great to have you with me
FOX News
Dec 2, 2012 7:00am PST
for the economy. if they have different suggestions they want to go further in some areas, then they should lay odds with us. >> reporter: secretary geithner said he cannot promise we will not go over the fiscal cliff and whether or not we go over it depends -- is a decision, rather, that lay in the hands of republicans that don't want to increase tax rates. speaker boehner said there is a chance we go over the cliff, but he doesn't want any part of that and he will do everything he can to avert that. eric, jamie? >> eric: peter, negotiations if and when they commence and continue, we'll see what happens. thank you, peter. jamie? >> jamie: well, you will also want -- we're going to talk, actually, to chris wallace and get a preview about that interview. hard to believe he has both tim geithner and john boehner. from the looks of it, john boehner does seem to be flabbergasted. we'll get to that shortly. >> eric: that is on "fox news sunday." later today, exclusive interview with speaker boehner. sunday at 2:00 p.m. and 6:00 p.m. right here on the fox news channel. >> jamie: well, there is a push
FOX Business
Nov 29, 2012 9:20am EST
, in the third quarter, the u.s. economy expanded at an annual rate of 2.7%. and that's better than the original 2% even that was reported a couple of weeks ago and last week, there were 393,000 new claims for jobless benefits and down from the previous week, but you're still very close to the 400,000 per week mark and that's a sign of weakness, albeit, come of that clearly from the storm, that's still not a healthy vigorous rebound, is it? trading has begun this thursday morning. we're expecting the dow to go up 50, 60 points and that's in part because of the fiscal cliff debate and looks like the president won taxes now, promises of entitlement reform later and don't care about the debt. the market kind of likes that, because the money keeps flowing. in the first part of business, we're flat, i thought more than that, we're up 2, 10 points and going up from here, at least in the early going. now, we've got another big name that you know #, trying to help shareholders avoid higher taxes next year, it's disney and increased the cash dividend by 25% and paying it this year. nicole, what happens t
MSNBC
Nov 30, 2012 3:00am PST
, congress realized that if they couldn't compromise on a deficit and revenue plan, our economy would crash. turns out they couldn't compromise. so here's what they did. in order to force themselves to work together and compromise, they concocted a catastrophic penalty that would itself crash our economy. brilliant. put it another way. if there is an asteroid headed towards the earth, we made it and fired it at ourselves. because otherwise we would never have done the hard work required to protect ourselves from asteroids. >> good morning. it's friday, november 30th. welcome to "morning joe." with us on set, we have msnbc political analyst and vice president and executive editor of msnbc.com, richard wolffe is here. >> he's here? >> my lord. right here on the set. political editor and white house correspondent for the huffington post, sam stein. >> hi. >> cute thing. and msnbc political analyst and visiting professor at nyu and former democratic congressman harold ford jr. >> good morning. >> good morning. >> he's reading. >> put that down right now. put the smut down. close it up. >> i'm l
CNBC
Nov 30, 2012 3:00pm EST
of volatility we're going to see or the kind of effects the fiscal cliff could have on the economy here, mark? >> honestly, we're essentially sector agnostic with we talk about managing money on a five-year duration for our clients. when you look at some of the master limited partnerships that are out there, the kinder morgans, specter energy looks like a good play. we're looking at the 4% to 5% yielders, companies that have a good track record of increasing those yields. we're sticking more with consumer staples. we're definitely tilted towards that defensive end. but we're going to stay there. as long as growth is slow, that's where we feel we can get the best risk adjusted returns for our clients. >> all right. thanks for joining us. mark, good to see you. rick, have a good weekend. gordon, have a good time at the beacon tonight. we're less than an hour from the trade month. kayla rounds up november's big winners and losers. >> hey, bill. the indices may have danced along the flat line for the entire month, but there were clear winners and losers on either side of the tape. to the downside
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